NYSERDA boosts incentives for wind projects

The New York State Energy Research and Development Authority plans to increase its maximum incentives to $1 million per installation of on-site wind projects.

The increase from the current maximum of $400,000 is designed to boost participation in the program, officials announced last week. The increase was approved by the state Public Service Commission.

“Increasing the funding cap for on-site wind projects reflects the need to respond to market conditions in order to advance additional renewable energy projects,” PSC chairman Garry Brown said in a statement.

The commission has set budgets and targets through 2015 for the customer-sited tier of the Renewable Portfolio Standard program to encourage self-generated energy.